If you’ve been paying any attention to the news in recent years you will know that Britain has a productivity ‘problem’.
August publications such as the Financial Times, and The Economist will tell you Britain’s ‘poor productivity’ is ‘holding us back’ as a country on the world stage.
Institutions from the London School of Economics, Economics Observatory and the National Institute of Economic and Social Research put it down to a ‘lack of investment’.
And if you look at the latest Office for National Statistics figures you can see it in black and white.
For every hour we work in the UK we make £46.92, while in the US they make £58.88, Germany makes £55.83 and France makes £55.50. If only we could work harder and more efficiently they bemoan.
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